Q. I’m thinking of buying a building that doesn’t have a separate heating plant. Instead, each apartment has individual electric baseboards. The tenants pay for the electricity for these baseboard units. Will I be able to continue to use that system? A. The law requires that multiple dwellings (that is, buildings with three or more Full Article…
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Take Six Steps to Reduce Risks of Self-Help Eviction, Professional Office Building Management
By: Adam Leitman Bailey June 1st, 2006 Many owners believe that the only way to get rid of a holdover tenant or a tenant that violates its lease is to sue to evict it, says New York attorney Adam Leitman Bailey. But, depending on what state law and tenants’ leases say, many owners may have Full Article…
Self-Help Evictions: The Neglected Commercial Remedy, The New York Law Journal
By Adam Leitman Bailey and John M. Desiderio August 10th, 2005 Where the right to do so is expressly reserved in a commercial lease, a landlord may reenter the leased premises peaceably, without resort to court process, upon termination of the lease or upon the commercial tenant’s defaulting on payment of rent or other lease Full Article…
Use Get-Tough Lease Clauses to Discourage Chronic Late Rent Payments
By: Adam Leitman Bailey August 1st, 2005 It’s exasperating when a tenant repeatedly violates the lease by failing to pay its rent on time but then cures—that is, fixes—each violation by paying the late rent before it becomes a lease default. The worst thing is that you can’t break the cycle: You waste time and Full Article…
6 Signs You Should Never Be a Landlord
By Kathy Kristof Wondering whether you can make a fortune in rental real estate? With real estate prices and interest rates in the basement, the opportunities for landlords look mouthwatering. Buying the right property at the right price allows you to generate long-term profits — maybe even short-term income– with a minimum of cash. That Full Article…
Q & A: Rent-Controlled Tenant in a Condo Conversion The New York Times
By JAY ROMANO Published: September 14, 2012 Q. What are the rights of a rent-controlled tenant who will not be buying in a building being converted to condominium ownership? Will owning a weekend home have an impact? A. Leonard H. Ritz, a Manhattan co-op and condominium lawyer, said that if this is a noneviction condominium conversion (as Full Article…
Room to Rent: Bath Nearby, The New York Times
By Elizabeth A. Harris NO one in New York has any privacy. But would you be willing to share a bathroom with that guy down the hall to save a buck? Chester Higgins Jr./The New York Times Kaya Williams and Davin Sweeney in one of the two common kitchens in their rooming house, also in Brooklyn. Full Article…
Default Clauses: Better Drafting Can Forestall Problems
By Adam Leitman Bailey and Dov Treiman Attorneys are making too much money litigating disputes between commercial landlords and tenants. Even the most frequently used “standard form” leases permit tenants to stall and strangle property owners.1 And these same leases leave tenants without proper recourse when property owners fail to follow written commitments.2 Instead of Full Article…
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